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USD 50mn of Kabul Bank loans to be recovered in a fortnight

Da Afghanistan Bank (DAB), central bank of Afghanistan, announced Wednesday that Kabul Bank loans worth USD 50mn would be recovered in the next two weeks through the auction of defaulters’ property. Kabul Bank, Afghanistan’s first private bank, was on the

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Laghman cultivates more vegetables today than before

Many Laghman farmers are switching to cultivating a variety of vegetables as an alternative to poppy cultivation. “We produce more vegetables today than before,” said Laghman’s director of Agriculture, Irrigation and Livestock Mohammad Ismail Daulatzai. Farmers are also experiencing with

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India’s role crucial for economic future of Afghanistan-US official

While in one hand President Barack Obama’s Defense Secretary Nominee Chuck Hagel has alleged India for financing problems for Pakistan in Afghanistan, another America’s top official has termed New Delhi crucial for economic growth of Afghanistan post the withdrawal of

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Afghan traders no longer use Karachi Port

Following the troubles caused to Afghan traders at the Karachi port, Afghan traders have decided to transit their goods through Iranian ports of  Bandarabbas and Chabahar instead of the Karachi Port. Afghan traders were inflicted millions of dollars of losses

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“Afghan government alone cannot strengthen the agriculture sector”

Agriculture department of Herat called on the international community to assist with the development of Afghanistan’s agricultural sector, as the Afghan government alone is unable to strengthen the sector. At a press conference attended by United Nations Assistance Missions in

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Multi-story flats to be built in Kabul

Two Turkish construction companies are awarded the contract for building several 15-story buildings in Khwaja Rawash area of central Kabul. Costing USD 80mn, the project will be jointly funded by the Turkish firms and the Urban Development Ministry. Urban Development

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Finance Ministry’s new efforts towards enhancing investment in Afghanistan

Finance Minister Hazrat Omar Zakhilwal discussed the policy draft on how to encourage investment with the Council of Ministers on Tuesday. Attracting investment, preventing capital flight, creating more jobs and lessening people’s concerns about the economic slowdown are the main

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New bridge to be built in Sar-e-Pul province

Local officials of the Sar-e-Pul province have reported about the deterioration of the province’s historical bridge called Pul-e-Khishti. The bridge was built during the reign of Sultan Mohammad Baiqara 600 years ago. Deputy Municipal Eng. Sayed Jalal Sadid said a

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Ministry of Counternarcotics to meet the demands of Maidan Wardak

The Ministry of Counternarcotics has agreed to launch development projects at a cost of USD 2.4mn in central Maidan Wardak. Speaking at the meeting with Counternarcotics Minister Zarar Ahmad Muqbil , Governor Abdul Majeed Khugyani  said Maidan Wardak residents are

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ACCI to establish an association of young Afghan traders

The Afghanistan Chamber of Commerce and Industries (ACCI) have on the table the plan for establishing an association of young traders in Kabul. The association would provide a platform to the young traders to exchange ideas and share their experiences

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Afghanistan Will Showcase Its Agricultural Riches at Gulfood 2013

Thirty Afghan traders will showcase the country’s agricultural riches, ranging from saffron and pomegranates to apples and nuts, at a three-day Gulfood Exhibition which opens today in Dubai. The renowned Gulfood Exhibition, held at the Dubai World Trade Centre, is

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Pakistani Firm to design dam on Farah Rud River

The Ministry of Water and Energy announced Sunday that agreement for the design of a damn on the Farah Rud in western Farah province has been signed with a Pakistani firm, the National Engineering Services Pakistan (NESPAK). The firm was

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Welfare projects benefit thousands in Faryab

More than 20,000 households have benefitted from welfare projects implemented in Faryab’s province this year. According to Faryab’s Department of Rural Rehabilitation and Development, a total of 91 projects of National Solidarity, regional development, irrigation and road construction have been

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Afghan female governor wants to bring a change

Saira Shakeeb Sadat wants to bring change to Khwaja Dukoh, her district in northern Jawzjan Province. This place, though isolated, was always blessed with peace and security; however, the isolation did mean the aid money did not make its way

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Kandahar residents demand bus service

A number of residents of the Kandahar city have demanded the government to reintroduce the public transport bus service that was shut down by the government years ago. This comes as the commuters are faced with high taxi airfares. The

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Afghan traders protest at Sher Khan dry port

Nearly a hundred Afghan traders gathered on Monday at the Sher Khan Dry Port, where hundreds of their vehicles carrying sugar, tangerines, vegetables and fruits are stopped by the customs department. The protestors accused the customs department for hampering their

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WFP decides to purchase biscuits from Afghan local factory

The World Food Program (WFP) turns to Afghan local factories to purchase biscuits for its food programs launched in various provinces. This comes after the organization was fully assured about the quality of the biscuits produced at Afghan factories. “This

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Training for Afghan women on how to tap funding sources

The Afghan Women’s Business Federation (AWBF) has launched a training program titled “Improving Businesswomen’s Access to Source of Funds” aimed at enhancing women’s access to donor funds. The program will initially train 60 businesswomen in Kabul over 20-day phases. Plans

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Afghan Technologists and Media Experts Explore New Technologies at Kabul Innovation Lab

Technologists, media experts and entrepreneurs from across Afghanistan began a four-day forum and workshop today. This Innovation Lab will create new ways for the media to use digital and emerging technologies to reach new audiences and distribute content. The event

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2 bridges inaugurated in Ghor

Benefiting thousands of families in the Daulatyar district of western Ghor province, two newly constructed bridges (36 and 21-meter long) over the Harirod River were inaugurated on Sunday, reports Pajhwok Afghan News. The 36 and 21-metre long bridges cost more

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Afghan government will implement Karzai’s decree on restricting government expenses

President Hamid Karzai recently issued a decree calling on ministries and other government agencies to avoid excessive expenses. The Afghan Presidential Administration stressed on the implementation of this decree. The Administration’s spokesman Rafi Ferdaws said Saturday that no government agency

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Afghanistan, Kyrgyzstan discuss bilateral cooperation in Cairo

Afghan Foreign Minister Zalmai Rassoul and his Kyrgyzstani counterpart Erlan Abdyldaev discussed issues of bilateral and regional cooperation in Cairo, Egypt. A meeting of foreign ministers of the two countries was held within the meeting of foreign ministers of the

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Disparity between Afghan high officials’ income and assets

The High Office of Oversight and Anti-Corruption (HOO) have begun investigating the land-holdings of about 70 top Afghan officials, after discovering the disparity between income and assets. The Anti-Corruption department recently announced that a number of high-officials refuse to register

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Fire breakout in Faizabad left 20 shops in ashes

Fire breakout caused by a gas cylinder explosion engulfed a trade market in Faizabad, Badakhshan’s capital, leaving 20 shops in ashes. Forty other shops have been reportedly partially damaged. Blaming the shopkeepers for their negligence, Governor Abdul Maroof Rasikh said

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Trade with Pakistan has reached USD 5bn

Trade with Pakistan has increased to USD 5bn compared with USD 100mn a decade ago. Despite the tensions between Pakistan and Afghanistan at the Karachi Port, Afghan Foreign Ministry’s spokesperson Janan Mosazai emphasized on improving trade relations with Pakistan. He

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